Gen-X IT Ltd (04480097): administration
- Status
- Administration ended
- Administration began
- 2016-01-20
- Administrators
- Andrew Poxon, Julien Robert Irving
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2002-07-08
- Location
- Manchester
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 July 2002 and began trading shorlly thereafter The directors on our appointment were Kelley Stewart and Alan Gould The shareholders of the Company are Kelley Stewart, Alan Gould, Joe Calderwood, Colette Fletcher and James Lydon
The Company traded from leasehold premises at Sol House, 24 Dark Lane, Ardwick Green, Manchester The pnncipal trading activity of the Company was the sale of computer hardware The Company employed 26 staff
The Company was funded by way of an invoice finance facility with RBSIF, who hold secunty by way of a debenture incorporating a fixed and floating charge over the Company assets, created on 22 December 2004 The Bank also holds security by way of a debenture incorporating a fixed and floating charge over the Company's assets, created on 26 August 2005
Administrators' statement of proposals (2016-03-23) · Companies House register